BITCOIN Resumes Climb to $1M (or thereabouts; GOLD (oh that) Sits Still (12/12/17)

Bitcoin Gold

FintekNews compares the price of Bitcoin, Gold & Major Market Averages on a daily basis, and uses the Chicago Mercantile Exchange’s (CME) bitcoin indexes (BRR & BRTI) for bitcoin pricing.

12/12/17 Closing Prices:

Bitcoin:  $17,094.44  (+$571.03) 
Gold:  $1,244  (+$1) 
Dow Jones Industrials:  24,504.80  (+118.77)
S&P 500:  2,664.11  (+4.12)

Nasdaq Composite:  6,862.32  (-12.76)

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index

Trading Summary Notes for Tuesday, 12/12/2017

  • BITCOIN heads back up. Looks likely to break above $20K
  • BOUGHT BITCOIN AT $16,530…..new trade
  • Futures on bitcoin not a big impact yet. Careful getting short
  • CME bitcoin futures begin next week. Looks to be a better product
  • GOLD suffering from lack of interest. Thanks bitcoin
  • Gold investors (current and potential) switching to BTC
  • Test of $1,200? At least $1,205-$1,210
  • LONG TERM BULLISH ON BITCOIN AND GOLD

CURRENT TRADING POSITION:  LONG BITCOIN & GOLD

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index

Read our PRIOR daily commentaries on Bitcoin vs Gold here